Economics

Sri Lanka to Amend Controversial Strategic Development Projects Act by February 2025

Sri Lanka plans to amend its controversial Strategic Development Projects (SDP) Act by February 2025, according to Treasury Secretary Mahinda Siriwardana. The Act, which has been criticized for granting discretionary tax holidays and making top executives’ salaries tax-free, has drawn scrutiny from the International Monetary Fund (IMF) for exposing the country to potential corruption. In

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